Revenues up at JLT in 2018

money

Jardine Lloyd Thompson (JLT) has revealed a drop in pre-tax profit to £88.1m for 2018, compared to £177.1m in 2017.

According to its preliminary results statement, published on the London Stock Exchange, this reflected £145.4m of exceptional items consisting primarily of costs related to the acquisition by Marsh & McLennan Companies (MMC), regulatory costs and restructuring charges.

Costs related to the takeover by MMC reached £77.2m, mainly made up of staff costs.

Meanwhile the broker’s

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